Ms. Linda Sampson reports

MARAPHARM ANNOUNCES PROGRESS IN CALIFORNIA

Marapharm Ventures Inc. owns, without debt, 1.22 acres in Southern California with an approved CUP (conditional use permit) of 29,193 square feet of cultivation and processing of cannabis.

"Marapharm has a second property in California in escrow for $2.5-million, announced May 1, 2017, with a CUP, and there's a contingency for the approval of up to 40,000 square feet of interim facilities. Plus, we have a delivery service, we are contracting management and we are opening an office in California. There are 40 million people in California, more than in all of Canada, so it's a big market. Accordingly, we are very happy that the state is progressive with cannabis rules and regulations.

"Changes in the laws in California are very significant for the industry and in particular for Marapharm. Non-resident ownership, the flexibility of licence types, the ability for vertical integration and an opportunity to get a temporary state licence if you are operational in a local jurisdiction before Dec. 31, 2017, are just some positive points of law within the new legislation," said Linda Sampson, Marapharm chief executive officer.

About Marapharm Ventures Inc.

Marapharm has more than 350,000 square feet of medical marijuana licences for its land and facilities in Washington, California and Nevada. About three years ago, Marapharm applied in Canada to Health Canada for an MMPR (marijuana for medical purposes regulations) (production and sales) licence and has passed the necessary security clearances. The application is currently in the in-depth screening process. In September, 2016, Health Canada contacted Marapharm with a provision to amend its application to allow for the new regulations, ACMPR (access to cannabis for medical purposes regulations).

We seek Safe Harbor.